Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    73 Main St S 1B Woodbury, CT 06798

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600 /Mo

    Ground-level commercial space in Woodbury, ideal for retail or showroom.

    Property Features for 73 Main St S 1B

    General Information

    Property type
    Commercial
    Standard status
    Active

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Joyce Drakeley
    Source: Elliman

    Listing Agency: Drakeley Real Estate, Inc. Listing Agent: Joyce Drakeley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Woodbury Commercial Space For Lease

    This ground-level commercial space is available for lease in Woodbury. The carpeted unit features an open layout and a single restroom. The space is suitable for use as a showroom, retail space, or spa. Its location offers high visibility and foot traffic.
    Location Intelligence

    Current Use by Public Records

    Woodbury Wine and Spirits (Bike/Boat/Book/etc) Store Joanna John Collection Clothing Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Abrash Galleries Rugs

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.2062359
    Latitude
    41.548317

    Nearby Similar for Lease

    • $4,000 /Mo
      2,000 SF

      Iconic Woodbury Storefront Opportunity

      Prime retail space in Woodbury with high traffic count.
      524 Main St South, Woodbury, CT 06798
      View Details
    • $3,000 /Mo
      4,320 SF

      Spacious Warehouse on Main Street

      4320 SF warehouse with multiple overhead doors for rent.
      524 Main St South, Woodbury, CT 06798
      View Details
    • $2,500 /Mo

      Retail Space in Woodbury Center

      Retail space with parking in Woodbury shopping center.
      107 Main St N, Woodbury, CT 06798
      View Details
    • $850 /Mo

      Professional Office Space in Woodbury

      Office space for rent in a high-traffic location.
      51 Sherman Hill Rd, Woodbury, CT 06798
      View Details
    • $850 /Mo
      1,610 SF

      Professional Office Space For Rent

      Office space for rent in a professional office park.
      51 Sherman Hill Rd, Woodbury, CT 06798
      View Details
    • $2,499 /Mo

      Sunny Duplex with Private Patio

      Three-bedroom duplex with fireplace, patio, and backyard.
      25 Elephant Rock Rd, Woodbury, CT 06798
      View Details
    • $1,600 /Mo
      1,375 SF

      Prime Woodbury Commercial Space

      Ground-level commercial space in Woodbury, ideal for retail.
      73 Main St South, Woodbury, CT 06798
      View Details
    • $2,499 /Mo

      Sunny Duplex with Private Patio

      Three-bedroom duplex with fireplace, patio, and backyard.
      25 Elephant Rock Rd, Woodbury, CT 06798
      View Details
    • $2,500 /Mo
      1,700 SF

      Retail Space in Woodbury Center

      Retail space with parking in Woodbury shopping center.
      107 Main St North, Woodbury, CT 06798
      View Details
    • $11 SF/Yr
      12,524 SF

      Woodbury Office Space for Lease

      Versatile office suites, ample parking.
      1 Sherman Hill Rd, Woodbury, CT 06798
      View Details

    FAQs

    What type of property is this?
    Showroom - Ground-level commercial space in Woodbury, ideal for retail or showroom.
    Where is this showroom located?
    The property is located at 73 Main St S 1B Woodbury, CT.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: - Prime location in the heart of Woodbury ensures high visibility and foot traffic.; - Versatile, open layout suitable for showroom, retail, or spa.; - Ground-level access provides seamless entry for clients and customers.
    (203) 449-3568
    Request Owner's contact information
    73 Main St S 1B Woodbury, CT 06798
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73 Main St S 1B
    Woodbury, CT 06798
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    73 Main St S 1B Woodbury, CT 06798
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joyce Drakeley
    Real Estate License ID: REB.0193575
    (203) 449-3568 (203) 263-4336
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!